Rimrock Gold Corp. (OTCBB: RMRK) FULL REPORT
The Ivanhoe Creek property consists of 22 unpatented lode mining claims (440 acres) situated in north-central Nevada on lands administered by the U.S. Bureau of Land Management. The property is situated 63 Km northeast of the mining center of Battle Mountain, and 75 Km west-northwest of the mining hub city Elko. This property lies directly contiguous to the north side of the large, high-grade Hollister Gold-silver mine owned by Waterton Global Mining. Northerly trending mineral feeder structures extend both north and south from Hollister through our mineral properties. Our property lies approximately 25 Km southeast of the high-grade Midas gold-silver Mine of Klondex Mines Ltd.
The gold-silver mineralization at Ivanhoe Creek is associated with northerly-trending uplifted fault-bounded blocks of rocks (“horsts”), which extend northward into our Rimrock property and south into the Hollister mine property. Mercury-bearing silica deposits (“sinter”) locally are associated with gold in Nevada, and mercuric sinters are found at Ivanhoe Creek alongside and above these horsts.
Previous owners drilled 5 shallow exploration core drillholes on the property in 2007 for gold and silver, totaling 791.3 meters. At least two significant gold-silver target areas were discovered by this drilling. Anomalous assay values of gold and anomalous silver values were present in each hole drilled. More importantly, a local high assay value of 7.64 ounces per ton silver in hole 07-10 between 426-436 feet core length; true width not known. This latter silver-rich intercept also contained high values of 1130 ppm tungsten, more than 100 ppm mercury, and 0.02 ppm gold. The high tungsten values suggest the basement here was contact metamorphosed similar to basement in the Hollister Mine proper.
Rimrock Gold has compiled the geologic, geophysical, drilling, and geochemical databases for the Ivanhoe Creek property. The company conducted a preliminary evaluation of these data and concluded that the Ivanhoe Creek property holds good potential for discovery of a new Hollister-type gold mineralized body, or an extension to mineralization present on the Hollister Mine property. Rimrock Gold’s VP of Exploration now will conduct follow-up field examinations of the outcropping mineral systems, recording geology, a new structural analysis, and conducting new sampling where needed. These data will be incorporated into our gold deposit models to best project the locations of possible ore shoots and their structural projections.
Rimrock Gold Corp. controls the Ivanhoe Creek, Rimrock, West Silver Cloud, and also 100% interest in the large 11,480 acre Silver Cloud Property, subject to existing third party NSR royalties.
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